Recently, 2939 enterprises in Qingdao, including 15 enterprises of our group, which were recommended by Qingdao Bureau of Commerce and examined and approved by the People’s Bank and Ministry of Finance, were selected to be RMB settlement pilot enterprises for their export goods. From 3^rd Dec. 2010, these enterprises are entitled to make trial RMB settlement for their export transactions according to “RMB Settlement Trial Management Measures for Trans-Boundary Trade”, they can handle customs declaration according to the relevant regulations and are entitled to enjoy export drawback (exemption).